Wallbox, leading provider of electrical vehicle charging solutions, has been allocated a $5.2 million tax credit under the competitive 48C Qualifying Advanced Energy Tax Credit Program by the U.S. Department of Energy. The credit will go towards improvements to Wallbox’s 150,000 sq. ft. manufacturing facility in Arlington, Texas, including multiple new EV supply equipment assembly lines and a state-of-the-art validation lab. This project will allow Wallbox to produce its full suite of charging solutions designed for the North American market.
"We are honored to be selected for the highly competitive 48C tax credit, which will enable us to make further investments in our U.S. manufacturing capabilities and deliver Wallbox’s best-in-class EV charging solutions which underpin the transition to electrified transportation," said Enric Asunción, CEO and cofounder of Wallbox. "This support from the Department of Energy and IRS affirms Wallbox's commitment to expanding our American presence, fostering clean manufacturing jobs, and advancing our collective clean energy future.”